This property looks like a bad Long-Term investment with a projected -13.12% first-year return on $80,871 initial cash invested.
-13.12%
Cash On Cash
4.23%
Cap Rate
0.64
DSCR
$2,389
Rent
-$884
Cashflow
Cash Flow
$2,389 income − $3,273 expenses = $884 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,871
Downpayment
20%
$77,020
Closing costs
1%
$3,851
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,389
Total Expenses
$3,273
Mortgage P&I
89%
$2,122
Property Taxes
14%
$329
Home Insurance
6%
$147
HOA
2%
$55
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0